It looks like the glory days of meme stocks are over. Same goes for the trading app that propelled them to fame. When Robinhood reported a bigger loss than expected and said that it expected to make less money in the first quarter than it did last year, the stock fell about 12% after-hours Thursday. … Read more
The Federal Reserve plans to raise interest rates in the spring, when we won’t have to worry about bombogenesis or dry skin. The central bank said yesterday that it will do this. If inflation is above 2% and the job market is healthy, the Fed thinks it will soon be time to raise its target … Read more
One year ago, the shares of a struggling video game store called GameStop rose by 90%, and then another 60% in the afternoon. One week later, the start of “meme stock mania,” when people bought stocks that had been written off or shorted by professionals. There were a lot of people who thought that the … Read more
Money. The results of a study published yesterday in the Proceedings of the National Academy of Sciences were very important. They show that direct payments to low-income families appear to have a big impact on the brain development of newborns. In this sentence, we’ll say: Scientists went to hundreds of low-income mothers who had recently … Read more
It’s going to be a big First Amendment case today between former Alaska governor Sarah Palin and the New York Times. The storey behind it After the shooting at the practise session for the Congressional Baseball Game for Charity, the New York Times ran an editorial that linked the PAC of Sarah Palin to another … Read more
These psychedelic drugs have moved from the Woodstocks and Playas of the world to the hospitals where they are being used to treat everything from anxiety to opioid addiction. Companies like MindMed, a three-year-old psychedelic medicine company that went public last spring, are getting more and more permission from regulators to study and use these … Read more
Not sure if you’ve looked at your investment portfolio in a while. Don’t do that. For riskier assets like tech and crypto, it’s been a rough couple of weeks in the markets. The Fed’s decision to start raising interest rates has scared people away from these types of assets. Let’s look at the damage. Tech … Read more
Peloton needs a ride from Cody Rigsby to get out of its slump. A CNBC report says that the at-home exercise company that grew quickly during the first few days of the pandemic is going to stop making bikes and treadmills for a short time starting in February. Peloton’s stock fell 25% after that news … Read more
It’s been a year since Bernie Sanders’ mittens took over our social media feeds. Joseph Robinette Biden Jr. was sworn in as the 46th president of the United States on this day last year. How is he going? Take a quick spin. During his time in office, the unemployment rate has dropped from 14.8 percent … Read more
The pandemic made everyone want to play games a lot more. Microsoft did the same thing. The tech company said yesterday that it was going to buy video game company Activision Blizzard for almost $70 billion, which is a lot of money. Usually, when you see a Six Flags ride for the first time, you … Read more
